Vankor Field
Encyclopedia
The Vankor Field is an oil and gas field in Russia, located 130 kilometres (80.8 mi) west of Igarka
in the Turukhansk District of Krasnoyarsk Krai
in Eastern Siberia, close to the border with Yamal-Nenets Autonomous District. Its estimated reserves are 520 million metric tons of oil and 95 billion cubic meters of natural gas. Production was launched in August, 2009. The field is operated by Russian national oil company Rosneft
through its subsidiary Vankorneft.
the development license for Vankor was issued to Eniseineft and the development license for Vankor North was issued to Taimyrneft, both controlled by Anglo-Siberian Oil Company. Yukos
managed to take control of part of Vankor through a complicated financial scheme, but did not manage to start production. In 2001, London-based Sibir Energy
made a take over bid to Anglo-Siberian Oil Company to gain an access to Vankor field. The bid was rejected. In 2002, TotalFinaElf
wanted to buy 52% of the Vankor field development project, but the deal was not closed because of legal difficulties. In 2003, Anglo-Siberian Oil Company was acquired by Rosneft
as the result of a public bid on the London Stock Exchange
, and deal with Total was canceled. Currently, the field is being developed and operated by Rosneft's subsidiary CJSC Vankorneft.
The field was officially launched on 21 August 2009. Russian Prime Minister Vladimir Putin
attended the launch. Putin said the oil produced at Vankor will be fed to pipelines under construction to China
and the Baltic Sea
.
. The project comprises 1,685 infrastructure facilities, including an oil treatment line, a 210-megawatt gas turbine power station, and tank farm with capacity of 140,000 cubic meters of crude oil.
's transmission network. The Vankor–Purpe pipeline is 556 kilometres (345.5 mi) long and it has a capacity 600 koilbbl/d. It was built by Purneftegaz, a subsidiary of Rosneft. From there, it is planned that most of the oil will be fed to the Eastern Siberia–Pacific Ocean oil pipeline as also supply Rosneft's westward export, including through the BPS-2 pipeline
.
Natural gas would be transported to the nearby-located Lukoil
's infrastructure and further to the Gazprom
transportation system.
Igarka
Igarka is an town in Turukhansky District of Krasnoyarsk Krai, Russia, located north of the Arctic Circle. It is also a port on the Yenisei River, located away from the river's mouth...
in the Turukhansk District of Krasnoyarsk Krai
Krasnoyarsk Krai
Krasnoyarsk Krai is a federal subject of Russia . It is the second largest federal subject after the Sakha Republic, and Russia's largest krai, occupying an area of , which is 13% of the country's total territory. The administrative center of the krai is the city of Krasnoyarsk...
in Eastern Siberia, close to the border with Yamal-Nenets Autonomous District. Its estimated reserves are 520 million metric tons of oil and 95 billion cubic meters of natural gas. Production was launched in August, 2009. The field is operated by Russian national oil company Rosneft
Rosneft
Rosneft is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow’s Balchug district near the Kremlin, across the Moskva river...
through its subsidiary Vankorneft.
History
The Vankor Field was discovered in 1988. After the dissolution of the Soviet UnionSoviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....
the development license for Vankor was issued to Eniseineft and the development license for Vankor North was issued to Taimyrneft, both controlled by Anglo-Siberian Oil Company. Yukos
YUKOS
OJSC "Yukos Oil Company" was a petroleum company in Russia which, until 2003, was controlled by Russian oligarch Mikhail Khodorkovsky and a number of other prominent Russian businessmen. After Yukos was bankrupted, Khodorkovsky was convicted and sent to prison.Yukos headquarters was located in...
managed to take control of part of Vankor through a complicated financial scheme, but did not manage to start production. In 2001, London-based Sibir Energy
Sibir Energy
Sibir Energy is a London-based Russian public limited company, whose primary line of business is petroleum and natural gas exploration in Siberia. Its shares were traded on the Alternative Investment Market, part of the London Stock Exchange...
made a take over bid to Anglo-Siberian Oil Company to gain an access to Vankor field. The bid was rejected. In 2002, TotalFinaElf
Total S.A.
Total S.A. is a French multinational oil company and one of the six "Supermajor" oil companies in the world.Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and...
wanted to buy 52% of the Vankor field development project, but the deal was not closed because of legal difficulties. In 2003, Anglo-Siberian Oil Company was acquired by Rosneft
Rosneft
Rosneft is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow’s Balchug district near the Kremlin, across the Moskva river...
as the result of a public bid on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
, and deal with Total was canceled. Currently, the field is being developed and operated by Rosneft's subsidiary CJSC Vankorneft.
The field was officially launched on 21 August 2009. Russian Prime Minister Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
attended the launch. Putin said the oil produced at Vankor will be fed to pipelines under construction to China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and the Baltic Sea
Baltic Sea
The Baltic Sea is a brackish mediterranean sea located in Northern Europe, from 53°N to 66°N latitude and from 20°E to 26°E longitude. It is bounded by the Scandinavian Peninsula, the mainland of Europe, and the Danish islands. It drains into the Kattegat by way of the Øresund, the Great Belt and...
.
Reserves
The Vankor field has oil reserves 3800 Moilbbl, of which 1500 Moilbbl are proved reserves, and 95 billion cubic meters of natural gas. The estimated production capacity is 510 koilbbl/d. Rosneft expected to produce 3 million metric tons (60 koilbbl/d) of oil at Vankor in 2009 and 11 million metric tons (220 koilbbl/d) in 2010.Facilities
The front-end engineering and design of the oil field facilities was done by SNC-LavalinSNC-Lavalin
SNC-Lavalin Group Inc. is a large Canadian engineering firm. It is one of the ten largest engineering firms in the world and is based in Montreal, Quebec. It formed in 1991 from the merger of SNC and the failing Lavalin, another Quebec based engineering firm....
. The project comprises 1,685 infrastructure facilities, including an oil treatment line, a 210-megawatt gas turbine power station, and tank farm with capacity of 140,000 cubic meters of crude oil.
Transmission
Oil from the field is transported through the Rosneft-owned Vankor–Purpe pipeline to the Transneft-owned trunk pipeline's tie-in point in the village of Purpe in the Yamal-Nenets Autonomous District, where it will be fed to TransneftTransneft
Transneft is a Russian state-owned business responsible for the national oil pipelines. It was founded in 1993 and owns the largest oil pipeline system in the world, with a total network length of almost...
's transmission network. The Vankor–Purpe pipeline is 556 kilometres (345.5 mi) long and it has a capacity 600 koilbbl/d. It was built by Purneftegaz, a subsidiary of Rosneft. From there, it is planned that most of the oil will be fed to the Eastern Siberia–Pacific Ocean oil pipeline as also supply Rosneft's westward export, including through the BPS-2 pipeline
Baltic Pipeline System
The Baltic Pipeline System is a Russian oil transport system operated by the oil pipeline company Transneft. The BPS transports oil from the Timan-Pechora region, West Siberia and Urals-Volga regions to Primorsk oil terminal at the eastern part of the Gulf of Finland.-History:The project started...
.
Natural gas would be transported to the nearby-located Lukoil
LUKoil
Lukoil/LUKoil ; ) is Russia's second largest oil company and its second largest producer of oil. In 2009, the company produced 97.615 million tons of oil; ....
's infrastructure and further to the Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
transportation system.